In your life, you always look forward to certain milestones.

It may be the birth of a child in your family, the education of your children or

purchasing a new home. These milestones have financial liabilities attached to them. What you require is an insurance policy that not only

provides your family with adequate cover against any unfortunate event happening with your life, but also provides you with liquidity to take

care of financial requirements at these milestones.

Keeping this in mind, ICICI Prudential Life Insurance, offers you CashBak, a single policy that combines the triple benefit of protection, savings

and periodic liquidity.

What is CashBak?
CashBak is a fixed term policy of 15 or 20 years, in which premiums are

payable by you throughout the term of the policy. In turn, survival benefit

payments are made to you at regular intervals, to provide you with

liquidity. Full Sum Assured, along with the guaranteed additions at the

rate of 3.5% compounded annually for the first 4 years and the vested

bonuses would be payable on death, irrespective of the survival

benefits paid.

How does CashBak work?

The survival benefits payable are as shown in the table ahead.

On the death of the Life Assured, the beneficiary will get the full Sum

Assured, the guaranteed bonuses and the vested bonuses, irrespective

of the survival benefits already paid.

 Policy Term 15 years Policy Term 20 years

At end of year Survival Payment as a % of basic Sum Assured At end of year Survival Payment as a % of basic Sum Assured

3 10% 4 10%

6 15% 8 15%

9 20% 12 20%

12 25% 16 25%

50%, guaranteed additions, 50%, guaranteed additions,

15 (Maturity) 20 (Maturity)
plus vested bonuses plus vested bonuses

Illustration
Sum Assured: Rs. 1,00,000 Age at entry: 30 years Term: 15 years Annual Premium: Rs. 9,263

Returns Returns
Guaranteed Survival Benefits (Paid at the end of the period) Benefits
(@ 6% p. a.) (@ 10% p. a.)

3 Years Rs. 10,000 Guaranteed Sum Assured (50%) Rs. 50,000 Rs. 50,000

6 Years Rs. 15,000 Accumulated Guaranteed Addition Rs. 14,752 Rs. 14,752

Estimated Accumulated Bonus

9 Years Rs. 20,000 Rs. 20,420 Rs. 61,904
(Not Guaranteed)

12 Years Rs. 25,000 Estimated Total Maturity Amount Rs. 85,172 Rs. 1,26,656

In above illustrations some benefits are guaranteed and some benefits are variable with returns based on the future performance of the company. If
your policy offers guaranteed returns then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers variable
returns then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not
guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors
including future investment performance. The returns shown are based on an annual guaranteed additions of @ 3.5% pa. on the Sum Assured
compounded annually for the first 4 years and annual bonuses from the 5 year onwards. Service tax and education cess will be charged as per
applicable rates.
What additional features does this policy offer Accident and Disability Benefit: On death due to accident, the

you? nominee gets additional Sum Assured under the rider. In case of

For protection to your family against any unfortunate health hazards or accidental death while travelling by mass surface transport, the

eventuality, we offer you the following riders at a nominal extra cost nominee will get twice the Sum Assured under the rider. Accidents can

with this plan: also impair one's capacity to earn, in such an event of total and

Critical Illness Rider: This rider provides protection against 9 critical permanent disability, 10% of the Sum Assured is paid out every year for

illnesses, namely: Major organ transplants, Complete renal failure, 10 years. Also, the premiums for the base policy are waived upto the

Stroke, Paralysis, Heart attack, Valve replacement surgery, Major
surgery of the aorta, CABGS (Bypass surgery) and Cancer. If you are
diagnosed with any of the specified illnesses, then you will be paid the
entire Sum Assured under the rider.
The policy along with all the riders (to the extent of the Rider Sum
Assured) is then terminated. However, the remainder of the base policy
extent of rider cover.
Accident Benefit Rider: On death due to accident the nominee gets
additional Sum Assured under the rider.
For rider exclusions, please refer to the detailed rider brochure.
CashBak at-a-glance

continues till the end of the term. You will have to continue paying 16 - 55 years
Minimum / Maximum Entry Age
premiums for the remainder of the policy.
Minimum / Maximum Maturity Age 31 - 70 years

Minimum / Maximum Policy Term 15 - 20 years

Minimum / Maximum Premium Rs. 6,000 per annum / No Limit

Minimum / Maximum Sum Assured Minimum of Rs. 75,000 / No Limit

Payment modes Yearly / Half yearly / Monthly

Tax Benefit2 Premium paid t o ward s th e po li c y

and critical illness benefit rider will
b e e li g i bl e f o r tax benefit un de r
Section 80C and 80D respectively.
Any amount received under the
policy will be eligible for tax benefit
under section 10(10D).
Is a loan available against this policy?
No loans are available under this policy.
What is your exit option?
Your policy acquires a paid-up value after premiums have been paid for 3
years. A guaranteed surrender value is payable to you if you decide to
terminate your policy after 3 years' premiums are paid. However, the
insurance protection provided under this policy will also cease. The
guaranteed surrender value is equal to 35% of all premiums paid
excluding the first year premium, all extra premium and premiums for
rider benefits reduced by the survival benefit paid to date.
What are the conditions / exclusions
applicable?
1. Suicide: If the Life Assured commits suicide whether sane or
insane, within one year from the date of commencement of this
policy, the policy shall be void and the premiums paid will be
refunded after deducting the expenses incurred by the company
for the issue of the policy.
2. Tax benefits under the policy are subject to conditions under
section 80C, 80D, 10(10D) of the Income Tax Act, 1961. Service
tax and education cess will be charged extra, as per applicable
rates. The tax laws are subject to amendments from time to time.
3. Sum Assured cannot be changed, once chosen at the time of
inception of the policy.
4. A period of 15 days is available to the policyholder during which
the policy can be reviewed. If the policyholder does not
find the policy suitable, the company will refund the premium after
deducting proportionate premium on the period at risk, expenses
incurred for medical examination and stamp duty.
5. In accordance to the Section 41 of the Insurance Act, 1938, no
person shall allow or offer to allow, either directly or indirectly, as
an inducement to any person to take or renew or continue an
insurance in respect of any kind of risk relating to lives or property
in India, any rebate of the whole or part of the commission payable
or any rebate of the premium shown on the policy, nor shall any
person taking out or renewing or continuing a policy accept any
rebate, except such rebate as may be allowed in accordance with
the published prospectuses or tables of the insurer.
6. In accordance to the Section 45 of the Insurance Act, 1938, no
policy of life insurance shall after the expiry of two years from the
date on which it was effected, be called in question by an insurer
on ground that a statement made in proposal of insurance or any
report of a medical officer or a referee, or friend of the insured, or in
any other document leading to the issue of the policy, was
inaccurate or false, unless the insurer shows that such
statements was on material matter or suppressed facts which it
was material to disclose and that it was fraudulently made by the
policyholder and that the policyholder knew at the time of making
it that the statement was false or that it suppressed facts which it
was material to disclose.
7. For further details, refer to the policy document and detailed
benefit illustration.
 About ICICI Prudential Life Insurance

ICICI Prudential Life Insurance Company Limited, a joint venture between ICICI Bank and Prudential plc., was one of the first companies to
commence operations when the insurance industry was opened in the year 2000. Since inception, it has written over 5.9 million policies and
has a network of over 1,000 offices, 2,63,000 advisors and 22 bank partners. It is also the only life insurer in India to be assigned AAA(ind)
credit rating by Fitch Ratings.

For more information,

Please call our Customer Service Toll-free number 1800-22-2020 from your MTNL or BSNL line.
(Call Centre Timings: 9.00 a.m. to 9.00 p.m.,Monday to Saturday, except National Holidays)
Visit us at www.iciciprulife.com

Registered Office: ICICI Prudential Life Insurance Company Limited, ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025.
CashBak is a traditional, anticipated, endowment policy. This sales brochure is indicative of the terms, conditions, warranties and exceptions contained in the
insurance policy. For further details, please refer to the policy document. In the event of conflict, if any, between the terms and conditions contained in this
sales brochure and those contained in the policy document, the terms and conditions contained in the policy document shall prevail. Insurance is the subject
matter of the solicitation. © 2007, ICICI Prudential Life Insurance Company Limited, CashBak: Form No. A01, A02, UIN105No.05V02. CashBak: ADBR:
105B001V01/ABR: 105B012V01/CIR: 105B002V01, Advt. No.: L/IC/182/2007-08.
Ver. No. 04/Cashbak English/SO/JAS/ w.e.f. 15 Dec 2007